What’s a fair settlement for your car accident claim?

On Behalf of | May 17, 2024 | Car Accidents |

As a victim of a car accident, you are probably aware that you deserve compensation for the harm and losses you suffered. However, you might be uncertain about the compensation you are entitled to.

Every crash is different, and determining a fair settlement for your claim depends on various factors. Below are some aspects of your car accident that may come into play.

The extent of your injuries

Assess the severity of your injuries and their impact on your everyday life. Remember, you are entitled to compensation for damages like:

  • Present and future medical expenses related to the crash
  • Lost wages
  • Lower earning capacity
  • Reduced quality of life
  • Pain and suffering
  • Emotional anguish, among others

The damages you suffered will inform your settlement. Serious injuries typically lead to higher settlements due to their extensive and long-term effects on your life.

Your contribution to the crash

If you played a role in the crash, your level of contribution will diminish your recoverable compensation. For example, if you were 40% at fault, you can only recover 60% of your damages. It’s worth pointing out that you cannot recover compensation with your claim if you are more than 50% at fault for the crash.

The strength of your claim

How much evidence do you have to support your car accident claim? Can you prove the damages you claim? The more evidence you have, the stronger your claim and the higher the chances of recovering what you deserve.

Reaching out for legal guidance if you are unsure of the value of your car accident claim can get you an informed estimate of what a fair settlement would look like after assessing the unique circumstances of your situation. It can also help protect your interests during settlement negotiations with insurance companies.